Container ship that ran aground re-floated at Syama Prasad Mookherjee port
KOLKATA : Container ship ‘Kota Rajin’, which ran aground at the Syama Prasad Mookherjee Port, Kolkata (former Kolkata Port Trust), was refloated on Sunday. According to Vinit Kumar, Chairman, Syama Prasad Mookherjee Port, Kolkata,
Containership Time-Charters Break New Records
GREECE : Four-year-plus charter deals are becoming the norm as shipowners ratchet up the pressure on liner companies. As their confidence of the sustainability of currently elevated freight rates grows, ocean carriers are committing
European container carriers increase charges worldwide
HAMBURG : Three of the largest container lines in the world have announced a substantial number of rate increases to be implemented later in May and in early in June. One of the lines,
Yokohama crowned world’s most efficient container port
YOKOHAMA : The Japanese port of Yokohama has been crowned as the world’s most efficient box facility in a new study launched by the World Bank and data firm IHS Markit. Asian container ports
After containers, dry bulk shipping is red hot now
The Baltic Dry Index or BDI, London-based Baltic Alternate’s foremost sea freight index that tracks charges to ship dry bulk commodities, rose essentially the most in over ten years on Wednesday lifting the spirits
Newbuild over-investment could shorten container shipping’s bull run
A huge surge in containership newbuild orders could act to shorten the current market boom for the sector, analyst Drewry warns. LONDON : Container shipping is enjoying a boom brought about by soaring demand
APM Terminals secures China-India Express service
MUMBAI : APM Terminals Pipavav on Tuesday said it has secured China-India Express (CII) service operated by OOCL and COSCO.While Orient Overseas Container Line (OOCL) is a Honk Kong-headquartered container shipping and logistics services
ZIM establishes scanning JV
HAIFA : Haifa-based container liner shipping company ZIM has established a new joint venture company called ZIMARK. The other partner in this new business is the Israeli start-up Sodyo which brings to ZIMARK the